Indigo Books & Music announced yesterday that it has spun off its Shortcovers ebook service into a new company called Kobo. Indigo will retain a 58 percent stake in Kobo which will also be backed by Borders, REDgroup Retail, Cheung Kong (Holdings) Ltd., and other leaders in technology and retail. According to Michael Serbinis, CEO of Kobo, “We have assembled […]
